Bill Browder

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Crime and Punishment in Putin's Russia

Posted by Red Notice on 27 Nov 2014 | 0 commentsTagged in:

Russian police say they have closed the case file on the country's largest tax fraud. It occurred on December 24 in 2007, when Moscow tax officials approved a same-day refund of 5.4 billion rubles -- or $230 million -- to a gang masquerading as officers of Hermitage Capital, once the largest hedge-fund manager in Russia and founded by financiers Edmond Safra and Bill Browder. Interior Ministry police claim the complex scam was pulled off by a sawmill worker and a burglar, both currently serving five-year sentences, in cahoots with four others, all of whom are now dead. One had a fatal heart attack before the crime took place. A second fell from his balcony. The third plummeted out a penthouse window.